myth 91

‘$5000 household income is rich’ Is this really true? It should be. $5000 is a big sum of money. And a household income of $5000 must be middle class. Let’s look at the details. A family of 5, father, mother and three working children, father earns $1,600, mother $1,000, 3 children each earning $800. After CPF and a $200 monthly transportation cost for each member, the disposable income